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The Senate is expected to vote on the spending bill next week
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There's a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank for International Settlements.
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The unveiling of the new Northrup Grumman B-21 "Raider" long-range bomber, with its stealthy design, app-style updates, and $2 Billion price tag, was pure Hollywood. If you want to watch it, the CEO begins her spiel at minute 39.
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With US and Global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world.
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In October, the U.S. national debt reached $31 trillion, and the government is projected to wade another trillion dollars into the red in the 2023 fiscal year.
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Pressure has continued building for the Biden administration and Pentagon to provide stricter oversight and accounting for the massive military assistance and weaponry sent overseas to Ukraine, at a moment total defense aid is about to hit the $20 bi
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California is spending like the tech boom would last forever. But a tech crunch is underway with huge layoffs everywhere. Now what?
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Amid concerns about the lack of oversight for US arms pouring into Ukraine, the Pentagon's comptroller said that the department has failed its fifth consecutive audit.
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After a Ukrainian S-300 missile struck Polish territory - killing two civilians - the Ukrainian president immediately claimed that Russia attacked a NATO member country and that NATO must act without hesitation against Russia. In other words, launch
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After a Ukrainian S-300 missile struck Polish territory - killing two civilians - the Ukrainian president immediately claimed that Russia attacked a NATO member country and that NATO must act without hesitation against Russia. In other words, launch
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The evidence from the last thirty years is clear. Keynesian policies leave a massive trail of debt, weaker growth and falling real wages.
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--- Despite Issues Associated with EVs Including Environmental
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Jerome Powell has been talking tough on inflation and clearly wants to leave a Volcker-like legacy. But the US is far different today than it was in the 80s. The recent Q3 US government borrowing report may throw a wrench in his plans.
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Kiev's demands to its Western patrons are growing. Apparently, the Europeans and Americans have not tightened their belts enough to sponsor the war in Ukraine and the corrupt Kiev regime.
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Central banks (including the Bank of England, the European Central Bank, the Federal Reserve) all failed to spot that inflation was coming. Why in the name of everything fiscal do we give money to these incompetent, overpaid buffoons?
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On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion.
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Just when you thought UK PM Liz Truss had her budget under control, it appears another big hole just appeared that needs to be plugged.
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The U.S. Department of Labor's Office of Inspector General (OIG) has said that criminals stole billions of dollars in unemployment money that was issued during the COVID-19 pandemic, and used some of it to purchase drugs and weapons.
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We blew it. That's right, we blew it. What do I mean?
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As it pertains to the American public, Ukraine's response to the Russian invasion can be summed up with two words: "Zelensky demands."
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Global debt markets are BREAKING – pension collapse in England, govt. debt FAIL in Japan, while some bonds see 75% losses so far in 2022
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Our politicians in Washington are literally destroying our future. But do you see anyone out in the streets protesting their calamitous policies? By now, you have probably heard that the U.S. national debt has hit 31 trillion dollars.
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Our politicians in Washington are literally destroying our future. But do you see anyone out in the streets protesting their calamitous policies?
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China's economy may be at the point of no return, and it's got everything to do with the three "Ds". Two of these I've spoken about before in some detail, but the third almost nobody knows about.
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Debt matters, and there are no "free" lunches when it comes to government spending.
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"estimated to cost about 50 percent more"
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A Bipartisan group of Congressional warmongers is pushing a multi-billion dollar military assistance package for Taiwan. The measure will include new language designating Taiwan a de-facto "major non-NATO ally." Clearly the Ukraine model is being
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Politicians looking for ways to finance their extravagant spending increasingly complain that the wealthy aren't paying their "fair share."
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Sudden And Mysterious Deaths The End Result Of Trillions Funneled Into Black Ops Death Programs
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President Biden's recent student loan forgiveness is the first stage of a modern debt jubilee of biblical proportions. It was unprecedented. Unilateral executive action of this size has never occurred during a time of peace. Moreover, Congress, not
